Stephen Mandel, founder of Lone Pine Capital Management, has been elected as chairman of Dartmouth College’s board of trustees. Mandel, who graduated from Dartmouth in 1978, replaces Charles “Ed” Haldeman Jr., who graduated in 1970.
“He’s really one of the shining stars of our alumni group,” President Jim Yong Kim told local newspaper The Valley News. “He’s made enormous contributions to Dartmouth College in every way.”
Mandel’s new position coincides with Dartmouth’s plans to cover a $100 million budget gap over the next two years, which includes laying off 30 non-union and non-faculty members by December.
"I am honored that my colleagues have asked me to serve as Chairman of the Board,” Mandel said in a statement. “I am excited about the opportunity to work with President Kim, my colleagues on the Board and the entire Dartmouth community in realizing an even greater future for this College that we all love.”